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Minneapolis-based Caribou Coffee announced a definitive merger agreement under which an affiliate of Joh. A. Benckiser Group (JAB), Ludwigshafen, Germany, will acquire Caribou Coffee for $16 per share in cash, or a total of approximately $340 million. The agreement, which was unanimously approved by Caribou Coffee’s independent directors, represents a premium of approximately 30 percent over Caribou Coffee’s closing stock price Dec. 14, the last trading day prior to the announcement of the transaction.
Opens Starbucks China University to support partners in the region
November 27, 2012
Seattle-based Starbucks Coffee Co. advanced its growth plans in China with the opening of its 100th store in Beijing, celebrating the first store in the China market led by all certified coffee masters.